Farmers Renters Insurance

Farmers Insurance provides renters insurance at affordable prices, depending on where you live. They offer competitive rates, have flexible premium payment terms, and adjustable coverage. The property minimum for basic coverage is right around $4,000 while the maximum is $100,000. In terms of payout limits, Farmers includes computers, jewelry, silverware, business personal property, and firearms. In addition to that, they feature additional coverage if you bundle more than one policy and offer a number of discounts (multi-policy, burglar alarm, fire alarm, and sprinklers discount). Talk about savings!

The biggest disadvantage with this insurance company is that it takes 3 days for policy delivery time. Compared to other institutions this is between 1-2 days longer which makes a big difference when you're in a situation requiring immediate action. Furthermore, Farmers doesn't have nationwide coverage, a discount for online purchases, or online chat support. They make up for the lack of online support with their other convenient support features like 24-hour telephone claims, email, and coverage calculators. In terms of educational resources, their website does not provide the breadth and depth of information that is common on competitors' portals.

Compared to the other insurance companies on our list, Farmers earns 4-stars. A.M Best awarded them an A for financial strength and they won the Gold Award for North America as part of the annual Global Awards for Excellence in Business Process Management (BPM) and Workflow. They make it on the top 5 for their competitive insurance quotes and comprehensive claim management features but lose points due to their unavailability in some areas. Review the aforementioned pros and cons once more before proceeding.

Verdict - Good

Farmers renters Insurance has a solid reputation and provides excellent coverage at affordable prices, but currently it lacks the operational heft to cover all 50 states. In order to purchase a Farmers renters insurance policy contact an agent in your area.

For an insurance company Farmers are one of the best, the customer service is exceptional and the rates have always been the cheapest.The bad news is that although I have only ever had one claim, the premiums are getting higher and less affordable, so I will have to look elsewhere.

We have had our renters insurance with Farmers for 3 years and are so pleased with them that we have now taken out our car insurance with them. Whenever we have called for help the staff have been friendly and are always there to reassure us. We have only had to make a small claim, but it weas dealt with proffesionally and quickly. I would use Farmers Insurance for any policy I can.

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While we try to research and review as many providers as possible in the 100+ industries we cover, we have not reviewed every company available.

Our rating system is independent of compensation and reflects our true understanding of the industry and the company based on a variety of factors. The companies that receive the highest rating will always be the providers that we believe offer the best value to the consumer.

Advertiser Disclosure

In order for MoneySavingPro to remain a consumer free service, many of the companies covered in our industry reviews compensate MoneySavingPro for new sign ups.

However, the results of our comparison tools, the rankings of the providers and the information presented is not affected by compensation. Indeed, many of these companies approach us for an advertising partnership after we have already written a published their reviews.

While we try to research and review as many providers as possible in the 100+ industries we cover, we have not reviewed every company available.

Our rating system is independent of compensation and reflects our true understanding of the industry and the company based on a variety of factors. The companies that receive the highest rating will always be the providers that we believe offer the best value to the consumer.